The top large cap growth ETF to trade right now is the iShares Core S&P US Growth ETF IUSG. This ETF tracks the S&P 900 Growth Index which measures growing companies using three factors: sales rate of increase, the ratio of earnings change to price, and momentum.
Large Cap Growth ETF iShares
The top 10 holdings in IUSG as of July 10, 2017 are:
Apple Inc = Information Technology
Microsoft Corp = Information Technology
Amazon = Consumer Discretionary
Facebook Inc = Information Technology
Alphabet Inc = Information Technology
Alphabet Inc C = Information Technology
Johnson & Johnson = Health Care
Comcast Corp = Consumer Discretionary
Home Depot Inc = Consumer Discretionary
Unitedhealth Group Inc = Health Care
Large Cap Growth ETF iShares Chart
IUSG is a good long setup opportunity. The chart has both a pocket pivot and positive divergence on the Effective Volume large players indicator. Prices have been consolidating lately and the volatility has been reduced setting up a momentum squeeze.
The True Strength Index on the Large Cap Growth ETF iShares IUSG has yet to do a bullish cross so some caution is warranted. There is a resistance zone just above the current price starting at 48.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 48.31, a stop order could be placed below this zone.
The Nasdaq plunged on Friday for its biggest sell-off, relative to the Dow Jones Industrial Average, since 2008. All the big names like Apple, Alphabet Inc., Microsoft Corp., Amazon.com Inc. and Facebook saw billions of dollars shaved off their market-cap in the blink of an eye.
Overbought Oversold Indicator Explains Nasdaq Big Sell Off
The smoothed RSI indicator shows just how overbought the Nasdaq has been for months now.
Everybody is wondering if Friday marks the beginning of a turn down on the Nasdaq. Looking at the chart, it’s too early to tell but everybody is going to be watching the Nasdaq on Monday.
The key level to watch is Friday’s low and bounce off the uptrend line at around 5657.
In addition to watching an overbought oversold indicator like the RSI, you need to watch out for breakout headfakes as the 10 minute chart of QQQ below shows.
I’m seeing a pattern of algos selling after a breakout which creates a headfake.